1. The professional certification for project managers is a Project Management Professional PMP). True False 2. A major portion of the project work, both physical and mental, takes place during the Production stage of the Project Life Cycle. True False 3. One of the defining characteristics of project management is that the projects are not confined to a single department but involve several departments and professionals, True False 4. One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements True False 5. Formulating strategy answers the questions who and when the tasks will be performed to reach objectives True False 6. Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects. True False 7. The NPV financial model measures the time it will take to recover the project investment. True False 8. Using the Project Portfolio Matrix, revolutionary commercial advances using proven technical advances are classified as Oyster projects. True False 9. In the projectized form of company organization the main responsibility of traditional functional departments is to assist and support the project teams. True False 10. Matrix management is a hybrid organizational form in which a horizontal project management structure is "overlaid on the normal functional hierarchy. True False 11. Whether a matrix is weak or strong is determined by the extent to which the project manager has direct authority over project participants. True False 12. Organizational culture refers to a system of shared norms, beliefs, values, and assumptions which bind people together. True False 13. Studies suggest that there is a strong correlation between project success and clear project scope definition True False 14. If a project criterion should be optimized if at all possible, it is classified as being constrained. True False 15. Integrating a project's work packages within the organization's management structure is known as work breakdown structure. True False 16. The intersection of work packages and the organization unit creates a project control point called a cost account True False 17. If time and costs are important to a project the top-down approach to estimating time and costs for the project is the best choice. True False 18. Top-down estimates usually are derived from someone who uses experience and/or information to determine the project duration and total cost. True False 19. Phase estimating is used when a project cannot be rigorously defined because of the uncertainty of design or the final product True False 20. The function point method of time and cost estimating is best applied to projects that have large, complex physical deliverables, such as a bridge or building True False Multiple Choice: please circle your answer (1 points each) total 20 points 21. Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intranets for customers during the last two years. Although the proposed system is about the same size as the others she estimates that it will take about 10 percent less time and money. Which of the following methods is she using? A. Ratio B. Template C. Apportion D. Function point E. Learning curve 22. Which of the following methods is not considered a top-down approach to estimating project time and cost? A. Ratio B. Template C. Apportion D. Function point E. Learning curve 23. Which of the following would be the best method for projects where the final product is not known and the uncertainty is very large? A. Function point B. Template C. Learning curve D. Phase estimating E. Apportion